20 Union Terrace - Denburn House, Aberdeen, ABE

The property comprises an end-terraced, B-listed office building of traditional construction. The building has undergone a refurbishment which has retained the original granite facade, whilst providing modern open plan office accommodation. The building was originally constructed in 1897 and is arranged over six floors.

The property is located on the west side of Union Terrace, overlooking Union Terrace Gardens and a short walk from Union Street. The city is linked to Dundee by the A90 dual carriageway and beyond to Edinburgh by the M90 motorway and to Glasgow by the A90 and A9 dual carriageways and M9 and M80 motorways. In addition, Aberdeen is linked to Inverness by the A96 trunk road.

Sale Notes:
The investment opportunity comprises 55,272 sq ft of office accommodation arranged over six levels from lower ground to fourth floor.

Offres are being sought in excess of £11,100,000 exclusive of VAT for their heritable interest in the property. A purchase at this level reflects an attractive net initial yield of 9.04%, with a reversion to 10.17%, after allowing for purchasers costs of 5.8%. A purchase at this level would reflect a capital value of £201 per sq ft.